Dattaraj Salgaocar is a known Indian entrepreneur not only for his huge business empire but also close to one of India’s most prominent industrialists named Mukesh Ambani. Dattaraj Salgaocar’s excellent financial portfolio can be seen with great business acumen as well as diversified investments across industries. Here, we will discuss the Dattaraj Salgaocar net worth, his background, and other ventures which have contributed to his success.
Dattaraj Salgaocar Bio
| Full Name | Dattaraj V. Salgaocar |
| Nickname | Raj |
| Place of Birth | Goa, India |
| Nationality | Indian |
| Profession | Businessman, Entrepreneur |
| Family Background | Son of Vasudeo Salgaocar, founder of V. M. Salgaocar Group, |
| Spouse | Dipti Ambani (sister of Mukesh Ambani) |
| Net Worth (2024) | Estimated over ₹35,000 crore |
Who is Dattaraj Salgaocar?
Dattaraj Salgaocar, popularly known as “Raj” is an illustrious name in Indian corporate life. He married Dipti Ambani, younger sister of Mukesh Ambani, daughter of Dhirubhai Ambani. Dattaraj Salgaocar runs his family business V. M. Salgaocar Group, instituted by his father Vasudeo Salgaocar, taking the legacy of diversified industries into their servicing mines, real estate, etc. He has emerged as one of India’s most prominent entrepreneurs, heading companies which have caused such a massive destruction to the economy, especially here in Goa.
Dattaraj Salgaocar’s Early Life
Dattaraj Salgaocar was born into a business family with deep roots in Goa. His father, Vasudeo Salgaocar, was a pioneering businessman who founded V. M. Salgaocar Group that primarily specialized in mining iron ore. He was born in an environment where business intricacies were brought to his doors at a very tender age. The Salgaocar and Ambani families became close since they lived in the same building in Mumbai—Ambani on the 22nd floor and Salgaocar on the 14th floor. It’s this relationship that finally led to Dattaraj’s marriage to Dipti Ambani in 1983.
Dattaraj Salgaocar Net Worth
According to the latest estimates, Dattaraj Salgaocar’s net worth has a behemoth ₹35,000 crores plus. Salgaocar gathered most of his wealth through various business ventures, which mainly include mining, industrial clusters, and other lineages. This kind of net worth has positioned him at the very top tier of businessmen in India, surpassing many big names in India in terms of wealth. His multiple investments and good leadership over his family business have paved the way for his reputation as a highly influential entrepreneur.
Dattaraj Salgaocar’s Business Empire
Dattaraj Salgaocar chairs the Group of Companies-V. M. Salgaocar that operates on its core business in the mining, processing, and export of iron ore. As time passed, the Group had diversified into shipping, real estate, agriculture, healthcare, and media. The leadership of Salgaocar has contributed immensely to the growth of his group to become one of the largest exporters of high-grade iron ore.
Salgaocar has also contributed much to the cultural scenario of Goa. He was the one with a deep love for arts and therefore established the Sunaparanta Goa Centre for the Arts-a not-for-profit endeavor that has supported local artists and cultivated artistic events, exhibitions, and workshops.
Dattaraj Salgaocar’s Income Sources
Salgaocar generates most of his income through his business empire, majorly through mining, which makes up a significant 40% of his annual income. His business is estimated to generate around $675 million annually, and from his import and export of minerals, some $300 million is yielded. The other streams of generating income are further diversified through real estate as well as investments in health and media sectors.
Dattaraj Salgaocar’s Car Collection
Dattaraj Salgaocar is popular for his car collection, comprising some of the world’s costliest cars. Here are some of the most expensive cars owned by him:
- Rolls-Royce Phantom – ₹10 crore
- Mercedes-Benz S-Class – ₹2.5 crore
- BMW 7 Series – ₹1.5 crore
- Range Rover Vogue – ₹2 crore
- Audi A8L – ₹1.1 crore
- Jaguar XJL – ₹1 crore
These cars reflect his passion for luxury and grandeur-more so, like he is a big businessman in India.
Dattaraj Salgaocar’s Other Properties and Lifestyle
Dattaraj has a number of high-value properties. His primary residence is a luxurious mansion in one of the posh areas of Goa, estimated to be around ₹100 crore. There are also a private jet with an estimated value of over ₹100 crores, properties in Mumbai, Delhi, and Bangalore. These include a lavish apartment in Worli, Mumbai (₹50 crore), a bungalow in Delhi (₹30 crore), and a villa in Bangalore (₹20 crore).
Conclusion
Dattaraj Salgaocar, in his business, has crossed every boundary to reap enormous wealth while making it one of the most prestigious and significant names in the Indian industry. His personality with regard to his concern for business, as well as his diversified interests and ventures, stands testimony to his multi-dimensional personality and his contribution toward India’s economic and cultural profile.
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